April 20, 2006 For Immediate Release REIT Issuer CREED OFFICE Investment Corporation 3-2-5 Kasumigaseki, Chiyoda-ku, Name of Representative Executive Director Hideya Yamanaka (Code number: 8983) Contact Creed REIT Advisors, Inc. GM, Finance Yasuyuki Nakajima (Tel: 03-3539-5943)

Notice of Acquisition of Additional Assets

CREED OFFICE Investment Corporation (the “Investment Corporation”) is pleased to announced that the Investment Corporation has decided on the purchase of 6 additional assets today, as follows. Please refer to “Amended Forecasts of Performance for the First and Second Fiscal Terms” we announced separately today for the positive impact of this additional acquisition to the performance of the Investment Corporation.

1. Summary of Acquisition

(1) Additional Properties to be Acquired

Name of Properties Address Seller Purchase Price D-4 Nagoya Plaza Bldg. 3-15-27 Sakae, Naka-ku, Taiyo Yakuhin 5,807,351,330 Nagoyashi, Aichi Co., Ltd. A-18 COI 7-10 Kamiyamacho, Creed 1,460,000,000 Kamiyamacho Bldg. Shibuya-ku, Tokyo Corporation A-19 Akasaka Wakamiya 5-4-9 Akasaka, Creed 850,000,000 Bldg. Minato-ku, Tokyo Corporation B-12 Yokosuka Bayside 1-21-10 Wakamatsuchou, Creed 1,545,000,000 Bldg. Yokosuka, Kanagawa Corporation D-5 Minami2jyou Plum 3-11-1 Minami2jyou Creed 1,030,000,000 Bldg. nishi, Chuo-ku, Sapporo, Corporation Hokkaido B-11 Eisin Bldg. 2-31-1Eitai, Koutou-ku, Creed 1,650,000,000 Tokyo Corporation

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(2) Sellers of the Properties

Company Name Taiyo Yakuhin Co., Ltd. Location of Head Office 2-16-29, Marunouchi, Nakaku, Nagoyashi, Aichi President Aratani Shigeki Paid-in capital 430 million yen Main Business Pharmaceutical manufacturing Relationship with the Non-related Investment Corporation

Company Name Creed Corporation Location of Head Office 3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo President Toshihiko Muneyoshi Paid-in Capital 4,223 million yen Main Business Real estate investment fund business, Principal investment business, etc. Relationship with the A related party, as stipulated in the Investment Trust and Investment Corporation Investment Corporation Act, that holds 80% of the voting rights of the asset management company.

(3) Schedule

Name of Properties Signing of Sales Contract Purchase Date D-4 Nagoya Plaza Bldg. April 24, 2006 April 24, 2006 A-18 COI Shibuya Kamiyamacho May 10, 2006 May 16, 2006 Bldg. A-19 Akasaka Wakamiya Bldg. May 10, 2006 May 16, 2006 B-12 Yokosuka Bayside Bldg. May 10, 2006 May 16, 2006 D-5 Minami2jyou Plum Bldg. May 10, 2006 May 16, 2006 B-11 Eisin Bldg. May 26, 2006 June 1, 2006

(4) Finance

Total Purchase price will be 12 billion yen and will be financed by cash in hand and bank loans. Bank loans will be a total of approximately 10 billion yen and withdrawn from the credit line in three parts. Please refer to our official site “ Financial Data/ Debt Financing” for the details.

(5) Special Remarks

All but Nagoya Plaza Building have been purchased from Creed Corporation. It was difficult for the Investment Company to purchase these properties directly for various reason such as seller wanted to close the deal ASAP or the properties has some compliance or high vacancy problem to be solved. Based on a memorandum with Creed Corporation, we asked Creed Corporation to temporarily own those buildings. Using the warehousing function, the Investment Corporation will be able to enhance its opportunities to acquire more properties while controlling the LTV and avoiding the dilution in the dividend per unit.

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The acquisitions from Creed Corporation fall under the category of transactions with related parties and will be handled with extra caution following the internal rules of the Investment Corporation. Purchase price from related parties cannot exceed the appraisal price by outside certified real estate appraiser.

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2. Details of Additional Properties to be Acquired

① Ｄ-4 Nagoya Plaza Building Center of Nagoya Commercial Area, Scarce Location with Great Accessibility The Sakae area where this building is located has the second highest degree of business concentration in the Nagoya office market after the Meieki area. As the largest commercial area in Nagoya, Sakae is flourishing with a concentration of shopping facilities such as large department stores, high-end brand shops, and speciality stores. In this area, the building faces the flourishing Otsu Street and enjoys scarcity of location with high level of commercial activity and convenience to transportation (only a five-minute walk from the Sakae Station on the subway Higashiyama Line and the Meijo Line). The official appraisal of the land price of this area went up 30.3% this year. The building is also in a corner lot and has a high visibility. With its standard floor area of more than 3,300m2, it is highly competitive in this area where properties with large floor space are scarce. In addition, because the lower stories of the buildings along Otsu Street are extremely popular among commercial tenants, International brand merchandising store is the tenant of the lower stories of this building. We expect firm demand to continue for this building going forward.

Type of asset Real Estate Address 3-15-27, Sakae, Nakaku, Nagoyashi, Aichi Use Office,Store Structure Steel-reinforced concrete structure with a flat roof and 11 stories above ground and 1 story underground Land area 666.74 ㎡ Area Total floor 5,398.32 ㎡ area Type of Land Ownership right (100%) ownership Building Ownership rights (100%) Time of construction April 23, 1982 PML 17.1% Rentable Area 3,970.75 ㎡ Occupancy Rate 89.3% (as of March 31, 20006) Purchase Price 5,807 million yen Appraisal 5,676 million yen value Time of March 20, 2006 Appraisal appraisal Appraisal Richi Location Analysis & Appraisal Institute institution

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② A-18 COI Shibuya Kamiyamacho Building Scarce New Building in Popular Shibuya Area This is a new building, just completed in March 2006. As this building has above-average features that fit with the tenant needs, a discerning granite exterior, air-conditioning systems for individual room, and a high raised floor system, we believe that it has a high level of scarcity in an area that has a lack of new building supply. This building is an 11 minute walk from the on the JR Yamanote Line and eight minute walk from the Tokyo Metro Yoyogikoen Station. The NHK Broadcasting Center is in the neighborhood. In addition to the positive factor of access to two train stations, the share of companies with business relation with NHK and the mass media is high in neighboring buildings. Therefore, we believe that firm demand particularly from media-related companies can be expected for this building as well. The Building is almost full with such companies.

Type of asset Real Estate Address 7-10 Kamiyamacho, Shibuya-ku, Tokyo Use Office Structure Steel-structure with a flat roof and 5 stories above ground Land area 497.95 ㎡ Area Total floor 1,524.95 ㎡ area Type of Land Ownership right (100%) ownership Building Ownership rights (100%) Time of construction March 15, 2006 PML 12% Rentable Area 1,321.54 ㎡ Occupancy Rate 77.0% (as of March 31, 20006) Purchase Price 1,460 million yen Appraisal 1,460 million yen value Time of April 1, 2006 Appraisal appraisal Appraisal Richi Location Analysis & Appraisal Institute institution

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③ A-19 Akasaka Wakamiya Building Great Location, Strong Tenant Demand This building is located in Akasaka, an office area with a high level of maturity. A number of office buildings there, which are situated on main roads, house leading Japanese and foreign companies in finance, telecommunication and manufacturing. Also, as Tokyo Broadcasting System, Inc. (TBS) is located behind this building, this area is recognized as a center for transmitting culture and fashion trends and the tenants in many of the buildings concentrated in this area are design and mass media related companies as well as Japanese and international brand merchandising stores and restaurants. In this area, the building has extremely convenient access and enjoys scarcity of location, as it is located on busy Akasaka Street and only a minute walk to the No. 7 subway exit of the Tokyo Metro Akasaka Station. With a standard floor area of approximately 85m2 and a good rectangular shape, we believe that the rentable space is easy for tenants to utilize. The occupancy rate went down after the departure of main tenants on the second to eighth floors, but leasing activity is going well and the occupancy rate are expected to rise further in the near future. In addition, as further business concentration to this area is expected in the future due to the redevelopment plan of TBS in Akasaka 5-chome, derivative demand for this Building is highly likely.

Type of asset Real Estate Address 5-4-9 Akasaka, Minato-ku, Tokyo Use Office, Store Structure Steel-reinforced concrete structure with a flat roof and 8 stories above ground and 1 story underground Land area 119.16 ㎡ Area Total floor 791.97 ㎡ area Type of Land Ownership right (100%) ownership Building Ownership rights (100%) Time of construction May 17, 1988 PML 13% Rentable Area 704.37 ㎡ Occupancy Rate 54.1% (as of March 31, 20006) Purchase Price 850 million yen Appraisal 850 million yen value Time of April 10, 2006 Appraisal appraisal Appraisal Real Estate Institute institution

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④ B-12 Yokosuka Bayside Building Center of Core Suburban City, Demand from Diverse Tenants Yokosuka is a major urban city in the Miura Peninsula with population of 424,708 (March 1, 2006 estimate by Yokosuka City and was developed as a naval harbor city in old days. However, after being designated as a core city on April 1, 2001, it aims to become a cultural city with an international flair based on its slogan “international sea-side cultural city.” The Yokosuka-chuo Station on the Keihin Kyuko Line, the nearest station to this building, has the largest number of passengers in whole Yokosuka area, and commercial facilities are concentrated in the neighborhood around the station. There are more than ten office buildings around the Yokosuka-chuo Station, but most of them are about a ten minute walk from the Station. In this area, the building is situated in a superior location that is convenient to transportation with only a three-minute walk to Yokosuka-chuo Station, and is highly competitive in terms of location in the office market in Yokosuka. In addition, as it stands between the Yokosuka-chuo Station and official buildings such as the Yokosuka city office and the Yokosuka joint government building, it has high visibility. Since the specifications of the building are also suited for store use, we expect firm demand to continue in the future.

Type of asset Real Estate Address 1-21-10 Wakamatsuchou, Yokosuka, Kanagawa Use Office, Store Structure Steel-reinforced concrete structure (Partially reinforced concrete structure) with a flat roof and 7 stories above ground and 1 story underground Land area 800.32 ㎡ Area Total floor 3,310.85 ㎡ area Type of Land Ownership right (100%) ownership Building Sectional Ownership rights (100%) Time of construction December 7, 1981 PML 16.7%(office part), 12.7%(store part) Rentable Area 2,184.34 ㎡ Occupancy Rate 95.6% (as of March 31, 20006) Purchase Price 1,545 million yen Appraisal 1,545 million yen value Time of April 1, 2006 Appraisal appraisal Appraisal Richi Location Analysis & Appraisal Institute institution

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⑤ D-5 Minami2jyou Plum Building: Center of Sapporo Commercial Area, Scarce Location with Great Accessibility The area around Odori Station where this building is located has a high level of commercial concentration, as all city subway lines in Sapporo enter Odori (= Broadway) Station. In addition, many department stores and commercial buildings are situated in this area along main roads. In this area, the building is convenient to transportation with only a two-minute walk to the concourse subway exit of Odori Station and is located in a flourishing central commercial area of Sapporo that has many shopping facilities, such as the Sapporo branch of the Mitsukoshi Department Store, Sapporo Parco, and Sapporo Alta. Although it is one block away from a main road, the building has high visibility as it stands on a corner lot. Since its exterior uses high-grade specifications and is expensive-looking, we believe that it is highly competitive with strong demand from speciality stores and merchandising shops oriented to the area. In fact, a high-end wine shop has become a tenant on the lower story of this building. Taking these factors into consideration, we believe that solid demand will continue for this building in the future.

Type of asset Real Estate Address 3-11-1 Minami2jyou nishi, Chuoku, Sapporo, Hokkaido Use Office, Store Structure Steel-reinforced concrete structure with a flat roof and 7 stories above ground and 1 story underground Land area 200.36 ㎡ Area Total floor 1,396.39 ㎡ area Type of Land Ownership right (100%) ownership Building Sectional Ownership rights (100%) Time of construction June 5, 1990 PML 1% Rentable Area 1,257.67 ㎡ Occupancy Rate 88.4% (as of March 31, 20006) Purchase Price 1,030 million yen Appraisal 1,030 million yen value Time of April 1, 2006 Appraisal appraisal Appraisal Richi Location Analysis & Appraisal Institute institution

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⑥ B-11 Eisin Building: Excellent Access to Central Tokyo, High Grade Building The area this building is located sees strong demand from companies who want to use it as a back-office area, because it has excellent access to central Tokyo districts via Eitai Street and the Tokyo Metro Tozai Line. The building has good access and high visibility, as it is located on a corner lot facing Eitai Street and Kasaibashi Street and is only a three-minute walk from No. 3 Exit of the Monzennakacho Station on the Tokyo Metro Tozai Line and the Tokyo Public Subway Oedo Line. In addition, this building has a high-grade appearance, as its exterior walls are covered with granite stones and tiles, and its specifications are above the average for buildings in this area, such as rooms with a ceiling height of 2,600mm, individual air-conditioning systems, a high raised floor system, and a standard floor area of approximately 350 ㎡. Considering these factors, we believe that firm demand will continue in the future, as this building is highly competitive for tenants oriented to this area. Although the occupancy rate was 54.2% as of March 31, the rate is to rise to 100% at the time of acquisition, as lease agreements are expected to be concluded for vacant rooms in the remaining 45.8%.

Type of asset Real Estate Address 2-31-1Eidai, Koutouku, Tokyo Use Office, Parking Lot Structure Steel-reinforced concrete structure with a flat roof and 8 stories above ground and 1 story underground/ Land area 611.65 ㎡ Area Total floor 4,025.44 ㎡ area Type of Land Ownership right (100%) ownership Building Ownership right (100%) Time of construction June 25, 1992 PML 15.6 % Rentable Area 2.602.30 ㎡ Occupancy Rate 54.1% (as of March 31, 20006) Purchase Price 1,650 million yen Appraisal 1,650 million yen value Time of April 10, 2006 Appraisal appraisal Appraisal Japan Real Estate Institute institution

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